yeah, I don't disagree
but still hard to feel like trusting it at this toppy zone like 4.00-4.30
After such a big rally blast to this 4.25 area/ even 4 dollars was a big rally move, from 2 dollars. It makes me keep seeing the lower targets as still in play. that 200ma at 3.30 looks a big magnet target to me. But the support steps have climbed upward.and as you said, this can be a bull flag, and then news can blast this up again.
it feels like a tricky place here for AVXL.
I am definitely Not a buyer here around 4 dollars. I'm only interested in buying below 3.50 at this point in the chart picture. and my own first target to buy would be the 3.30 area. If I didn't own enough shares,I would consider the 3.50 area/3.60.But to say that another way, If I was a new investor just discovering AVXL, in 2018, and I saw it fall to 2 dollars, and I had enough positive feeling about the science to want to invest....I would have bought almost a full position at 2 dollars. and I would have sold some trading shares at the double zone (this blast into the 4 dollar area). and after that if I feel I still want to buy more shares,call them trading shares, I'd be waiting for the next dip into the 3.60 area,and more as it goes down.
Folks interested in buying, had many weeks to buy back when it was at 2.50/2.25/2.00/ and again at 1.96/2.00 bottom zone. As it started to bounce, and the next pullback gave people a chance to get in around 2.10/2.20. Theres No reason why an investor should be fully loaded in their holding. slowly it creeped up in the 2.65-2.75 accumulation zone for a week . Now bargains are dreaming of 3 dollars and 3.30.
Yes, AVXL is still sustaining its big rally. but doesn't it also look like its hovering in air over the cliff edge,waiting to plunge?
It must be the anticipation of news that keeps it floating here.
And when the news comes what will we see. a fast rocket blast up 1 dollar? followed immediately by a fast plunge down a dollar, and then down another dollar?
I'm ready to trim some trading shares at 5 dollars and buy them back at 3.40, ...lickety split.
